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Report Title

Bank of America: Fintech Ecosystem

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Report Title

Bank of America: Fintech Ecosystem


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Bank of America: Fintech Ecosystem

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Bank of America: Fintech Ecosystem



Executive Summary

Bank of America: Fintech Ecosystem

Summary

Bank of America (BofA) has been running a scouting initiative since 2010: the Tech Innovation Summit program. In 2017, BofA adopted a High-Tech, High-Touch approach - an initiative to boost investments in digital technology.

BofA is mainly focusing on technological investments in order to leverage technologies that can help reduce development costs and accelerate product development. BofA also launched various digital solutions for its corporate, middle-market, and public sector clients to consolidate funds and make digital payments to their customers.

BofA supports the FinTech Innovation Lab and Queen City Fintech Lab accelerator programs. Overall BofA has supported more than 200 fintech start-ups through these programs.

The report provides information and insights into Bank Of America's fintech activities, including -

- Insights of its fintech strategies

- Overview of in-house fintech product launches covering technology, application, and key statistics

- Insights on key investments including details on company and its business description

- Details of various accelerator programs, and partnerships.

Scope

- In 2018, BofA announced it will invest around USD 75m per quarter in new emerging technologies throughout 2019.

- As of December 2018, BofA had participated in six consortium investments, with cloud computing and analytics the key technologies it is focusing on.

- Until now, BofA has supported more than 200 fintech start-ups through FinTech Innovation Lab and Queen City Fintech Lab accelerator programs.

Reasons to buy

- Gain insights into Bank Of America's fintech operations.

- Gain insights into its fintech strategy and investment portfolio.

- Gain insights into various product launches, investments and partnership strategies of Bank Of America.

Table of Contents

1. Key Facts: FY 2017

2. Fintech Strategy

Product Launches

Investment Division

Accelerator Programs

Partnerships

3. Investor-Partner Network Map

4. Innovation Initiatives

5. Appendix

To know more information on Purchase by Section, please send a mail to sales@kenresearch.com

Single User License:
Report can be used by individual purchaser only

Site License:
Report can be shared by unlimited users within one corporate location, e.g. a regional office

Corporate User License:
Report can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company

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